The 2024 Feeding the Economy report demonstrates the broad reach of the U.S. agricultural sector, drilling down to the state and congressional district level. Roger Cryan, American Farm Bureau Federation Chief Economist, says the report spans the entire agriculture supply chain.
"It's an effort to put together the impact of agriculture on the economy. The report goes over the impact of agriculture upstream and downstream," Cryan said. "And, of course, farmers are at the heart of that, but it starts with the folks that supply farmers and goes all the way out to the to the folks that eat."
The report finds that agriculture accounts for more than one-third of the entire U.S. economy.
"The direct impact of the food supply chain from farm to retail was about 24 million jobs, about $990 billion in wages and $3.8 trillion in economic activity," Cryan said. "When you add in the multiplied impacts, it’s more than doubled to 49 million jobs and $2.8 trillion in wages and $9.6 trillion in economic activity."
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Categories: Kentucky, Business